WHAT'S NEW?


performance during the period was very positive, Kerakoll achieved consolidated revenues from sales of €774.1m, up 4% from 2022, when they stood at €744.4m.


Italy was confirmed as the most significant market for Kerakoll, with €458.4m in revenues realised in 2023, accounting for 59% of total revenues.


POSITIVE RESULTS FOR KERAKOLL GROUP


The Shareholders' Meeting of Kerakoll S.p.A., a B Corp-certified Benefit Company, has approved the figures of the consolidated financial statements for the year 2023.


Within an overall framework in which the Group's economic and income


A COMFIER HOME


WITH COMFYTEX For retailers, the advantages of LeoLine’s Luxatex high-quality textile backing are easier and faster installation, but for homeowners it’s all about the cushioning comfort that it brings to every floor. So, whether a smart and sophisticated tile like Comfytex PU’s Toledo design or the confident swagger of Comfytex Deluxe Pro’s Olympus chevron wood style, they enjoy a floor with smile making levels of comfort.


This wonderful underfoot feel is available in Comfytex PU and Comfytex Deluxe Pro so homeowners can choose the best floor for their needs. Want the best affordability? Make it Comfytex PU. Want long-lasting looks in busy family rooms? Then go for Comfytex Deluxe Pro. Whatever their choice, they’ll know their room will benefit from sublime comfort and peace of quiet thanks to the absorbing qualities of LeoLine’s cushion vinyl construction and its Luxatex backing.


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The Group confirmed the acceleration of its internationalisation path, recording an 11% increase in revenues


in foreign countries, which amounted to €315.6m, or 41% of total revenues.


All the countries in which Kerakoll has a direct presence with production facilities showed significant growth in sales figures: in particular Spain (+7%), Portugal (+13%), Great Britain (+17%), Poland (+17%), Greece (+19%), Germany (+7%), France (+12%), India (+17%) and Brazil (+16%).


Stuart Reeves, sales and marketing director at LeoLine, said: “Retailers will be familiar with the fast and easy glue-free fitting that comes with our textile backed floors which help to give keener installation costs, but for homeowners it is the extra comfort of Comfytex and Comfytex Deluxe Pro that really stands out. These floors are a great choice for anyone looking for a little bit of extra give – whether that’s soaking up subfloor imperfections or softening footsteps – so should always be high up on the shopping list.”


Both floors also benefit from LeoLine’s Superguard surface finish. This PU coating fights off scratches, stains


In terms of profitability, consolidated Gross Operating Margin showed an increase of +10.6%, rising from 122.8m in 2022 to 135.8m in 2023. Consolidated EBIT was €118.8m (+21.8% from €97.5m in the previous year).


Consolidated net income was €86m, showing substantial growth from €63.9m in 2022 (+34.5%). Net ROE was also up, rising from 15.8%.


Marco Zini, CEO of Kerakoll, said: “We are particularly pleased with the results achieved. These figures reflect not only the solidity of our growth model, centered on the creation of sustainable value, but above all the dedication and professionalism of the people who work in the Group.


“For the future, we want to continue on the path of international development and exploit the important untapped potential of the Italian market, reinforcing our commitment to promoting a corporate culture that puts people at the centre and ensuring that the wellbeing of our employees and local communities is always a priority, in line with the B Corp identity we have assumed since last year.”


www.kerakoll.com


and scuffs while making the floor less complicated to look after. Simply mop and go. And with added slip-resistance, walking on Comfytex PU and Comfytex Deluxe Pro is not only comfortable but safer too. Made in Belgium, Comfytex PU comes with a 10-year wear warranty with the superior Comfytex Deluxe Pro enjoying 15-years.


leoline.co.uk 07


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